Evergrande $2.6bn property unit deal collapses – BBC News

https://www.bbc.com/news/business-58985757

A deal to sell a $2.6bn stake in the world’s most indebted property firm to a rival company has fallen through.

Chinese property giant Evergrande Group suspended its shares on 4 October ahead of “an announcement containing inside information about a major transaction”.

It was reported that real estate firm Hopson Development was set to buy a 51% stake in its property services unit.

Both companies halted trading for more than two weeks, but will now resume on Thursday after the agreement collapsed.


Expect a strong hit to the Stock Market shortly!!

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Please repent, carry your cross daily and accept the free gift of Jesus Christ’s death on the cross for payment for your sins.

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